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A home based business is suggested by Robert Kiyosaki author of "Rich Dad / Poor Dad," and by Paul Zane Pilzer author of "Unlimited Wealth: The Theory and Practice of Economic Alchemy. and "The Next Triilion" which is about the coming wellness boom.
Amazon.com has a net worth larger than the one hundred and twenty five year
old Sears. E-Bay is larger than Alcoa. Yahoo’s value exceeds that of industrial
giant Dow Chemical. AOL's net worth exceeds that of Merrill Lynch, Delta Airlines,
K-Mart, U.S. Steel and Aetna combined. US On-line Business Trade Will Soar To
$1.3 Trillion By 2003, According To Forrester Research "US business trade
on the Internet will explode from $43 billion in 1998 to $1.3 trillion in 2003
as intercompany Commerce accelerates within industry supply chains. By 2003,
on-line business trade will surpass 9% of total US business sales."
The December issue of Internet Business quotes renowned web guru Jakob Nielson,
"Only 10% of the current Fortune 500 companies will survive the next
10 years. The rest will shrivel to a fraction of their former selves because
they won't make a successful transition to the customer-centric web economy."
USA Today on January 6, 1999 reported that consumers are shifting their buying
power in favor of the Internet. Also, Amazon.com had a 279% increase in
sales in the 4th quarter of 1998 at $250 million. Similarly, USA Today reported
that discount stores such as Target, Wal-Mart and K-mart rose 5.4%.
Do you want to be in an Industry that increased 279% or one that rose a mere
5.4%?
The Future lies not so much in retailing, but in "E-tailing".
John Seeley Brown, chief technology officer for Xerox Corp. and considered a
major industry visionary, was quoted in the Charlotte Observer, [11/22/98] stating
that, "We're moving into an era where the challenges and opportunities
come from business innovation more than from technology innovation."
There are literally dozens of advantages to owning your own homebased business. Not only are you able to avoid the job insecurity and changes that today's corporations are going through, but you also get to have control and make the decisions to work the way you choose to. You control how much time you spend working, how much money you wish to make, and how you schedule your daily activities.
Most homebased businesses require very little overhead, which means you don't have to work so hard to recoup your costs, maintain pricey office space, or hire large numbers of employees. You can conduct much of your business from your telephone or fax machine, and work in your spare time if you wish.
Today's business trends give less confidence in job security. In the 1980s,
30% of blue-collar workers were laid off; in 1990s, white collar layoffs were
more prevalent. Real median family income down 7% since 1989.
Homebased business ownership is increasing rapidly. People are drawn towards
personal business ownership, and working at home. Technological advances
(faxes, email and Internet) are making it easier to work from a remote location.
Homebased businesses already account for $454 billion in revenue.
Owning your home business offers great advantages. Avoid job insecurity
and changes in traditional business venues. Control your time and financial
income. Increase profit returns with little overhead.
There are many ways to start a homebased business and make money part time,
but with huge resources behind you. Here is a list of some of those possibilities.
In today's fast-paced business
world, job security is changing. Large corporations have gone through
phases of downsizing and right-sizing, and many people who thought they had
a stable job have been left out in the cold.
According to Fortune Magazine, in the 1980s, 30% of all Americans, mostly blue-collar workers, lost their jobs. In the 1990s, layoffs hit white-collar workers. Over 2.2 million people have been laid off since 1990, about twice as many as in the previous five years. Last year alone, North American companies eliminated over 500,000 jobs. Even those workers who survived recent waves of downsizing are feeling the pinch in today's economy. Since 1989, real median family income is down 7%, so it's no wonder that many feel like they're not keeping up.
Although the current trends seem discouraging, there is no reason to lose heart. Lack of stability in the traditional workplace is resulting in a change in how people do business. There is an increased draw towards owning one's own business, and working primarily from the home. Technological advances such as the Internet allow people from all over the world to network and market their products and services to a global community, even while sitting in their den.
A recent study by Entrepreneur Magazine showed that homebased businesses already account for $454 billion in revenue. The number of homebased businesses continues to grow steadily (see Figure 1). In fact, Management Horizons, a consulting division of Price Waterhouse, completed a study that shows that, within the next ten years, homebased businesses offering personalized services could be operating in as many as 50% of American homes.
It means that you're not alone in your decision to take control of your financial future. Millions of people throughout the United States are taking the step and setting up their own customer service-oriented business from their own home.
One of the major trends of recent decades has been the proliferation of Network Marketing or Multi Level Marketing ( MLM ). This is a highly successful method of paying people for doing what they do naturally --- Talk (Also called Word of Mouth Advertising.) It is something that allows a individual the chance to start small and grow without bounds and should be investigated as a possible way of starting your own business.